Shareholder meetings go online — effective 1 January 2027 | mandatory electronic meetings for large listed companies
From 1 January 2027, a listed company may hold an electronic general meeting by board resolution, and listed companies designated by Presidential Decree must. Shareholders choose between attending in person and attending electronically, and electronic attendance counts as attendance at the meeting place. Companies whose articles provide otherwise may keep the existing format.
Conditions used in the video
- Effective date
- 2027-01-01
- Promulgated
- 2025-07-22 (wholly amended 2026-03-06)
- Basis
- Commercial Act Articles 542-14 and 542-16
- May hold
- listed companies, by board resolution (unless the articles provide otherwise)
- Must hold
- listed companies designated by Presidential Decree
- Electronic attendance
- counts as attendance at the meeting place
Results
- Now
- physical attendance at the meeting place only
- From 2027-01-01
- electronic meetings allowed · mandatory for large listed companies
- Shareholder's choice
- attend in person or electronically
- Articles
- may keep the existing format if they provide otherwise
- Asset threshold and technical requirements
- Presidential Decree
Why it works this way
Today a general meeting is held only with shareholders physically present at the meeting place. Electronic voting lets a shareholder cast votes in advance, but the Commercial Act had no basis for holding the meeting itself remotely with shareholders attending online.
Commercial Act Article 542-14 (effective 2027-01-01).
- Listed companiesmay hold an electronic meeting by board resolution
- Companies designated by decreemust hold one
- Shareholderschoose in-person or electronic attendance
Electronic attendance counts as attendance at the meeting place (paragraph 4).
A company whose articles provide otherwise may keep the existing format. The asset threshold for mandatory meetings and the requirements for the electronic means are set by Presidential Decree. For some companies, the spring 2027 annual meeting will be the first electronic one.
Matters delegated to Presidential Decree.
- Mandatory companiesasset-size threshold
- Electronic meansidentity verification · communication requirements
- Company by companydepends on the articles and board resolution
Check the meeting notice to see whether your company is holding it online.
This video and page describe a measure that has been promulgated but has not taken effect. Details may change through a decree or notice.
In short, from 1 January 2027 listed-company general meetings gain online attendance and electronic meetings are mandatory for large listed companies. It differs by company according to the articles and board resolutions.
The legal basis
Drawn from government announcements and the statutes themselves as primary sources, covering only the relevant part.
Commercial Act Article 542-14 (Electronic general meetings)
In force Effective 2027-01-01 (Addenda Article 1 proviso of the 2026-03-06 promulgation)
Unless the articles provide otherwise, a listed company may hold an electronic general meeting by board resolution. A listed company designated by Presidential Decree in consideration of asset size must hold one. A shareholder may choose between attending in person and attending by electronic means; electronic attendance counts as attendance at the meeting place.
What this means
Shareholders who could not travel to the meeting attend with a click. Large listed companies must offer it; the rest decide for themselves.
Commercial Act Article 364(2) (current meeting place)
In force Current
Unless the articles provide otherwise, a general meeting is convened at the head office or an adjacent place.
What this means
Today you must be physically at the meeting place to attend. From 2027, electronic attendance is layered onto this.
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Frequently asked
Will every listed company meet online?
Listed companies may by board resolution, and companies designated by Presidential Decree must. A company whose articles provide otherwise may keep the existing format.
Does online attendance count as attendance?
Yes. Attending by electronic means counts as attendance at the meeting place.
How is it different from electronic voting?
Electronic voting casts votes before the meeting; an electronic general meeting is attending and taking part in the meeting itself online.
From which meeting does it start?
It takes effect on 1 January 2027, so for some companies the spring 2027 annual meeting is the first. Check the company's meeting notice.
Results are estimates based on the inputs and on the rules as at the stated date. They may differ from a lender's actual assessment, and the rules change often. Take professional advice before any decision that matters.